Property summary
This historically remodeled 2,523 square foot industrial building in downtown Lawrence, Michigan, presents a unique investment opportunity. The main level offers 1,450 square feet of retail space, ideal for a variety of businesses. Key features include a walk-in cooler, central air conditioning, ample off-street parking, and large windows providing excellent natural light. The building's strategic downtown location ensures high visibility and accessibility. The purchase price includes a completely remodeled upper level, currently generating income as a two-bedroom apartment with an existing tenant. This provides a significant advantage, offering both commercial and residential income streams. The 0.1-acre lot provides sufficient space for the building and parking. This property is perfect for an owner-operator seeking a blend of commercial and residential income or an investor looking for a strong return on investment in a thriving downtown area. The combination of a well-maintained commercial space and a consistently rented apartment makes this a truly attractive proposition. The building's historical charm combined with modern updates creates a unique and desirable property. Don't miss this chance to acquire a versatile and income-producing asset in a desirable Michigan location. The property is priced competitively at $165,000.
Property profile
VerifiedCap rate & NOI
Current use
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Home Health Care Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
VILLAGE · Lawrence, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for VILLAGE in Lawrence, MI.
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